International audienceWe study the optimal extraction of a polluting nonrenewable resource within the following framework: environmental regulation is imposed in the form of a ceiling on the stock of pollution and a clean unlimited backstop technology can be developed by research and development. More specifically, the time taken to develop a new technology depends on the amount spent on R&D. A surprising result is that the stringency of the ceiling and the size of the initial stock of the polluting nonrenewable resource have a bearing on whether environmental regulation speeds up the optimal arrival date of this new technology. Compared to a scenario with no environmental externalities, stringent environmental regulation drives up the opti...
A well known theorem by Herfindahl states that if nonrenewable resources differ by their cost of ext...
For the mitigation of long-term pollution threats, one must consider that both the process of enviro...
International audienceThere is a large literature on the optimal order of exploitation of natural re...
International audienceWe study the optimal extraction of a polluting nonrenewable resource within th...
The literature on environmental R&D frequently studies innovation as a two-stage process, with a sin...
Abstract: This paper examines the impact of endogenous technological change in backstop technology o...
This paper considers an economy using a technology that adds to a stock of pollution. Examples that ...
Since the middle of the 1970\u27s, there has been considerable research about how to deal with exhau...
International audienceWe advance an original assumption whereby a good state of the environment posi...
We examine the role of investment opportunities on the marginal cost of a backstop technology and th...
The literature on environmental R&D frequently studies innovation as a two-stage process, with a...
This paper considers an economy using a product that adds to a stock of pollution (e.g., SO2 emissio...
Environmental issues during and after extraction are a major problem in contemporary exhaustible res...
This paper reviews some main studies on fossil fuel extraction under climate issues and studies a th...
Heal's theorem states that if the extraction cost of a depletable resource increases with cumul...
A well known theorem by Herfindahl states that if nonrenewable resources differ by their cost of ext...
For the mitigation of long-term pollution threats, one must consider that both the process of enviro...
International audienceThere is a large literature on the optimal order of exploitation of natural re...
International audienceWe study the optimal extraction of a polluting nonrenewable resource within th...
The literature on environmental R&D frequently studies innovation as a two-stage process, with a sin...
Abstract: This paper examines the impact of endogenous technological change in backstop technology o...
This paper considers an economy using a technology that adds to a stock of pollution. Examples that ...
Since the middle of the 1970\u27s, there has been considerable research about how to deal with exhau...
International audienceWe advance an original assumption whereby a good state of the environment posi...
We examine the role of investment opportunities on the marginal cost of a backstop technology and th...
The literature on environmental R&D frequently studies innovation as a two-stage process, with a...
This paper considers an economy using a product that adds to a stock of pollution (e.g., SO2 emissio...
Environmental issues during and after extraction are a major problem in contemporary exhaustible res...
This paper reviews some main studies on fossil fuel extraction under climate issues and studies a th...
Heal's theorem states that if the extraction cost of a depletable resource increases with cumul...
A well known theorem by Herfindahl states that if nonrenewable resources differ by their cost of ext...
For the mitigation of long-term pollution threats, one must consider that both the process of enviro...
International audienceThere is a large literature on the optimal order of exploitation of natural re...